Member Info for LivintheDream

Ade, can you confirm if you were doing any charts for Liz and Kwasi? just checking!!!!!
Now Rishi is, I'll stop my "vote for Jim Hacker" campaign....where's Humphrey and Bernard when you need them...

With so much uncertainty, even the brokers ratings and prices are opposing each other, particularly on the other big miners, so what chance have punters like us got, with or without charts. Difficult to know which direction it's going to head and how far. Too many different global, political and financial events going on at the same time to try and get a clear picture.....my simplistic view is what else can go wrong after brexit, pandemic, war, raging inflation/interest rates, recession... with the exception of putin pressing a big red button, I hope we are bouncing along the bottom and 2023 will be an improvement from the last few preceding years.
Still, from the start of the year Glen is +27%, whilst RIO, AAL, ANTO, BHP are all negative....

Evi, have you taken the merc for spin north to the bay of islands...quite soenic up there or south to the geo-thermal town of rotorua, the earth's crust (normally 30km thick) is only about 6km there so loads of natural hot springs, geysers, etc, but very smelly....anyway back on my bike now to work...in the fog!!!

Evi, my budget (in 2001) didn't quite go that far....still in your penthouse in takapuna, sounds like your the one "Living the Dream"...lol

Billy, thanks....still need the markets to pick up to turn it into reality, but this is a great opportunity to build a passive income with cheap dividend shares....

Evi, sounds very nice, how long you over there for? I never went to Takapuna or the north shore much when I was there.....too many beaches to choose from, the beach at mission bay was the closest to me...I lived in the Aucklander apartment block opposite the planet hollywood/IMAX theatre, just off queen street.
Brings back great memories.....have a good holiday, just bad news after bad news here at the moment....

Difficult call on the markets ATM, I have been reinvesting divis on the drops in trying to find the bottom, will wait for inflation and interest rates to peak, maybe a few months away yet....there doesn't seem be any reporting on data from china recently, probably overshadowed by the circus events at Westminster.....bring me sunshine!!!

Billy, I already have a studio flat in Nice which we use holidays, but to live there on a permanent basis, I would look to get a 1 bedroom flat for a permanent move. Bit more complicated now after brexit with the 90 day rule I will probably spend 3 month periods there to check I'd be happy there....I lived in Auckland New Zealand for 9 months in my late twenties, and met my wife there , so could have stayed there on a permanent basis, but it wasn't for me, so came back to the uk...don't regret it, NZ was great, but too isolated.

To be fair to Cameron/Osborne (and Lib dem)regime, we had several years of hard austerity, which was required at the time (but probably went too far cutting back on the NHS/police, etc), and was aimed at paying of debt and putting us in a position of surplus....the debt would be even worse if it wasn't for that period of austerity....but then Cameron caved into the tory backbenchers and offered the vote on the EU as part of his election mandate.....and it all unravelled soon after that....Tories are tearing themselves apart.....Labour will get in next election and will tax wealth and prosperity and will cave into the unions.....if the strikes continue in the run up to an election, it will severely worsen the situation for the Tories.
I'm hoping to retire (to france) in about 3 years time for when labour get in ......difficult times ahead...

With Glencore adding 30 mil shares to their position, it now takes them to 18.2%, any further dilution and they will look to take over the company. Let the junior miners and pi's fund the exploration and construction, then steal it at the end. JM has lost control here, it's been steered by the big boys.
It happened with Bacanora lithium, dilution to fund the build for the mine, then taken over at the pre placing price....with no gain for pi's

Clever thoughts, I had noticed that in recent financial reports from GLEN and AAL, inflationary costs was impacting margins/profits...Glen breakeven cost on coal last year was $30/T, now approx$65/T, RMM opex have increased, and coincided with dropping copper prices, they are now in big trouble meeting debit payments and the SP has dropped 75%. I would think most junior miners will not survive in these conditions.
The problem is we will never know if the $100m contingency would have got us over the line if the inflation crisis hadn't been unleashed, as it is now an easy get out for suppliers increasing prices above levels of justification....and this is probably another example!!

Evi, HZM posters had stated it was suspended on the TSX. The company released the dreaded after hours RNS on LSE. HZM did state at the final placing that a contingency was built into the placing/funding but given the current inflation crisis, i am not suprised. These difficult financial conditions make it almost impossible to invest in junior miners given that share holders are the first to get shafted.

As a LTH in HZM (junior nickel miner in AIM with 2 x Tier 1 mines in Brazil), Glencore are taking part in a $71M placing at HZM to the tune if $30M. Glen already had a 10% stake in the company, and have exclusive rights to the first 10 years of product from HZM. First product is slated in 16 to 18 months. Funds are required due to spiralling inflationary costs.
Glencore are probably happy to strengthen their position here. given the impending Nickel shortage.

Riptonk, you are having a rough year, I've just looked to see what orther holdings you have, just incase I hold also....joking aside, I did have a small top up last week at 97p, in the hope that a good RNS would lift the SP, but the gradually decling SP and global inflation crisis hinted that something nasty was coming. Although this is bad news, it will be far worse for other junior miners looking for financing, and our low production costs is a huge plus going forward. I have a few other small investments in junior miners and may cash out at a loss on them as funding=SH dilution. On a positive note, thank goodness the araguia line#2 equipment was secured at a low cost earlier in the year and it is less than 18 months to first product. I may top up again if the SP goes too low.

Positive news that april to june GDP figures were revised up to +0.2 from -0.1%.
I work in manufacturing supplying hydraulic systems for the heavy engineering sector for mostly large blue chip customers and upto April, things were very, very quiet, but now in the last 3 months, we have been flooded with work, and more large orders are expected. Whilst this latest market turmoil is not helpful, based on what orders/enquires I am seeing, I am hoping things will continue to improve, but appreciate UK manufacturing is a tiny market influence on global growth....for Glen to shine.....we need china get its housing crisis sorted and then we'll be off to new highs!

When the tory leadership squabble was front and centre, liz truss never mentioned full extent of the tax cuts that would be implemented, if it was such a good idea, why wasn't it raised at the debates and why is it the complete opposite to sunaks plan....what business is going relocate to the uk for about 12 months reduced tax benefits before labour get in and put the taxes back up.....it is carnage ATM....could see some FT100 companies with low valuations taken over by US predators with a favorable exchange rate...great job liz!!!!

David, thanks for the info, I wasn't quite sure where the FX conversion was done.

Or rather $1.1489

Mine has been paid also, look in the "cash history" section for the amount paid.....it was paid at FX of $1.489. I suspect they held onto the cash for a few days and got caught on the drop in sterling....I will probably transfer the account to another platform...had enough of them....

Halifax probably waiting for FX to go back to $1.14 before paying out......not acceptable